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    7679 Limestone Dr Gainesville, VA 20155
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    7679 Limestone Dr Gainesville, VA 20155

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    • Industrial properties
    • 4,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tin Cannon Brewing Co. / Production Facility / Brewery & Distillery
    • C-Con, Inc. / Construction Company / General Contractor
    • Evolution Basketball - Gainesville / Gym & Fitness Center
    • Surveying and Mapping, LLC / Land Surveying Office
    • Pursuit Emergency Vehicles / Freight Service / Logistics Company

    Property Details for 7679 Limestone Dr

    Year built
    2007
    Property size
    4,200 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 4,200-square-foot flex condo in Gainesville, Virginia, presents a unique investment opportunity. Priced at $1,275,000, this 2007-built property offers a versatile layout ideal for a variety of businesses. The unit boasts 3,300 square feet of office space and 900 square feet of warehouse space, complemented by two oversized drive-in doors for convenient loading and unloading. The main floor features five private offices, a conference room, two bathrooms, a kitchenette, and a dedicated copier room. A mezzanine level provides additional space, including two large offices, a bathroom, and a sizable open area suitable for training or cubicles. The property is situated in a prime location off Wellington Road, offering easy access to Route 29 and I-66. The condo features 20+ foot ceilings and is zoned M-1 Industrial. The property's condo ownership structure and well-designed layout make it an attractive option for owner-occupiers or investors seeking a strong return. The APN is 7497.02-3717. This is a single-unit property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Prince William
    State
    Virginia
    Longitude
    -77.597
    Latitude
    38.7904

    Comparable in this City

    • Value Estimation
      $4,470,000
      37,434 SF

      5615 Wellington Rd

      INDUSTRIAL (GENERAL) • 37,434 SF
      5615 Wellington Rd, Gainesville, VA 20155-1689
      View Details
    • Value Estimation
      $1,515,000
      5,760 SF

      7679 Limestone Dr Ste, Unit 105

      CONDOMINIUMS (INDUSTRIAL) • 5,760 SF
      7679 Limestone Dr Ste, Gainesville, VA 20155-4042
      View Details
    • Value Estimation
      $6,900,000
      4,805 SF

      7699 Limestone Dr Ste, Unit 110

      CONDOMINIUMS (INDUSTRIAL) • 4,805 SF
      7699 Limestone Dr Ste, Gainesville, VA 20155-4046
      View Details
    • Value Estimation
      $890,000
      2,604 SF

      7679 Limestone Dr Ste, Unit 130

      CONDOMINIUMS (INDUSTRIAL) • 2,604 SF
      7679 Limestone Dr Ste, Gainesville, VA 20155-4041
      View Details
    • Value Estimation
      $3,060,000
      4,805 SF

      7699 Limestone Dr Ste, Unit 130

      CONDOMINIUMS (INDUSTRIAL) • 4,805 SF
      7699 Limestone Dr Ste, Gainesville, VA 20155-4046
      View Details
    • Value Estimation
      $3,055,000
      4,758 SF

      7699 Limestone Dr Ste, Unit 140

      CONDOMINIUMS (INDUSTRIAL) • 4,758 SF
      7699 Limestone Dr Ste, Gainesville, VA 20155-4046
      View Details

    Similar Nearby for Sale

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      Retail, Industrial, Flex Space Available

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    Similar Nearby for Lease

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    • Contact for pricing
      8,028 SF

      Gainesville Flex Space Available

      Flex space for rent with dock and drive-in loading.
      13555 Wellington Center Cir, Gainesville, VA 20155
      View Details
    • $5,900 /Mo

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    • $5,900 /Mo

      Retail Flex Space on Highway

      3,800 SF retail space with high visibility available for lease.
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    • $14 SF/Yr
      14,175 SF

      Gainesville Warehouse Space Available

      14,175 SF warehouse space for lease in Gainesville, VA.
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    • $2,850 /Mo

      Gainesville Versatile Professional Space

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    Gainesville, VA 20155
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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